The NFT Handbook

CHAPTER 5NFT Marketplaces

If you’re looking to create, sell, or buy non‐fungible tokens (NFTs), your best bet would be to do it on one of the many NFT marketplaces. By creating and minting an NFT on a marketplace, you won’t need to know how to code a smart contract or need any technical knowledge at all. This is a major breakthrough that allows the average person to create and mint NFTs.

Of course, you’re still going to need to get on the blockchain because NFTs are blockchain assets. We’ll guide you through this, as well as with the creating, minting, selling, and buying of NFTs in Chapters 6–8. We’ll be using OpenSea, the largest and most popular marketplace, as the platform on which we will guide you. Nonetheless, we recommend that you explore all of the marketplaces detailed in this chapter. Each has its own character, focus, and community. By exploring them all, you will get a broader sense of the overall NFT market.

This chapter provides an overview of several of the most popular NFT marketplaces.

OpenSea

Website: Opensea.io

OpenSea is the largest and most popular NFT marketplace. It also claims to be the first as well. As of this writing, OpenSea features 15.5 million NFTs and has sold $354 million of NFTs.

We find OpenSea to be the easiest to navigate and most user‐friendly when creating, selling, and buying NFTs. It’s great for beginners who are just getting into NFTs. Collectors can also find a wide variety of NFTs on OpenSea, including the following:

• Digital art ...